Monday, 15 August 2016

SAT issues new China transfer pricing compliance requirements

On June 29, 2016, China’s State Administration of Taxation (SAT) issued the Public Notice Regarding Refining the Reporting of Related-Party Transactions and Administration of Transfer Pricing Documentation (SAT Public Notice [2016] No. 42, hereinafter referred to as “Public Notice 42”). Public Notice 42 provides new transfer pricing compliance requirements in China, including annual reporting forms for related-party transactions (RPT Forms), Country-by-Country (CbC) Reporting, and Transfer Pricing Documentation (TPD), all of which are substantial changes to the existing rules.

Source & more info: PwC